Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
By Thomas W. Donovan, Managing Partner at Iraq Law Alliance, PLLC. Introduction Several recent events have prompted a return to the lingering debate over the legality of the production sharing contracts entered into by and between the semi-autonomous Kurdistan Regional Government (KRG) and around 35 private international companies over the past few years. The KRG, […]
Midland Refineries announces the below tenders: -Complete Centrifugal Pump W/Turbine and Base Plate - Lap Master For Lapping Machine For Mechanical SCAL - Lab Equipment - Amphibious Machines - High Reach Rough Terrain Rotating Telehandler -Lab Equipment -Desludging Tank -Bulldozer -Self Propelled Articulating & Telescopic Booms (z-type) -Self Propelled Scissor Lifts Closing Date: 5/7/2011
Midland Refinery Company announces new tenders: - Spare For Steam De Super Heater - Spare Parts For Burner of F-101,201,301,302,501 & 601 - Spare Parts for Burners of Power Former no 2 - Spare for Pumps The Company must submit a covenant enclosed with the technical offer that they have submitted otherwise the offer should be […]
Midland Refineries Co announces the following tenders: - Spare Part For Pump -Spares for Centrifugal Compressor - Spare Part - Spare Part - Spare Part for Centrifugal Air Fan Item K-11 New Boiler - Spare Part for Hitachi Pump Type : GM-CH S/NI-766610171-354 - Spare Part For Pump , Type :3 HNN-122 & 153 Please […]
Norwegian oil producer DNO issued a report today (Monday) on the status on its activities in Kurdistan Region of Iraq. Summail-1 exploration well update The Summail-1 exploration well was spudded on 19 April 2011. The well has now been drilled ca. 25 meters into the Cretaceous interval and hydrocarbon shows were detected while drilling. An […]
This work was written by Ahmed Mousa Jiyad, and it is reproduced here with his permission. It was originally published by MEES v54:n23, Monday 6 June 2011. Mr Jiyad is an independent development consultant, scholar and Associate with Centre for Global Energy Studies-CGES, London. He was formerly a senior economist with the Iraq National Oil […]
Jordan's Prime Minister, Marouf Bakhit, said that Iraq has agreed to increase the volume of daily oil supply to Jordan from 10,000 barrels to 15,000 barrels, with plans to increase the quantity to 30,000 barrels a day eventually. The two countries have agreed in principle to a planned crude oil pipeline stretching between the neighboring […]
The head of the Basra Investment Commission, Eng.Haidar Ali Fadhil, has announced details of the Faw [Fao] power station: The station will have a capacity of 50 megawatts; The project shall be open for investment companies; Interested companies are required to visit the BIC offices by 12th June; The power station is intended to use […]
The state-run Iraq Drilling Company started to drill and repair wells in the Hamrin mountains north of Baghdad for the first time in 21 years, according to Bloomberg. The company, affiliated with the country’s Oil Ministry, started to work on a total of 72 wells this week, the state-sponsored Iraqiya television said, citing Idriss Mohsen […]
Iraq hopes to complete negotiations with European investors to build a new oil refinery in the city of Karbala [Kerbala], the country's Deputy Prime Minister, Hussain al-Shahristani (pictured), said on Friday. The projected 140,000 barrel per day (bpd) Kerbala refinery is part of a plan to build four new refineries, adding around 750,000 bpd of […]
Just days after WesternZagros struck oil at Sarqala, Austria's OMV announces that it too has struck oil at its Bina Bawi block in the Kurdistan Region of Iraq. OMV is currently drilling an exploration well (Bina Bawi 3) and encountered hydrocarbons in one of the primary reservoir targets. The well is still being drilled and […]
Reuters reports that Iraq signed the final contracts on Sunday to develop its Siba and Mansuriyah gas fields in deals involving Turkish, Kuwaiti and South Korean companies that will help diversify the country's fossil fuel production. The Korean Gas Corporation [KOGAS] signed the deal for the Akkas gas field earlier in the week. "This is […]
